As the year plunges into the second quarter, it is worthy of note that the Nigerian government has already borrowed N1.48tn from bond investors through Federal Government bonds between January and March 2022,
Analysis of the federal government of Nigeria Bond Auction results as published on the website of the Debt Management Office revealed that bond oversubscriptions has hit N1.03tn within the period under review, indicating that the investors’ rising interest for federal government bonds.

The analysis of the breakdown for each month showed that the Federal Government bonds for January worth N150bn were oversubscribed by N175.24bn, same as for February which is worth N150bn were also oversubscribed by N407.72bn. and the total subscription received from investors was N325.24bn.
The breakdown shows N111.19bn for the 12.50 per cent Federal Government January 2026 bonds and N214.05bn for the 13 per cent Federal Government January 2042 bonds.
The auction result added that out of the 230 and 151 total bids for the tenures, 46 and 119 bids were successful.